International News

Bloomberg Apollo Hospitals Enterprise Ltd, India’s largest hospital chain, is considering passing on the proceeds of corporate tax cuts announced to its shareholders, according to people familiar with the matter. Apollo may also use some of its tax savings to pay down debt and invest in the business, which operates 71 hospitals throughout India, said the people, who asked not ...

Bloomberg Indiabulls Housing Finance Ltd was set for the biggest drop in more than a week after the Delhi High Court agreed to hear a petition to investigate the financier. The petition alleged that Indiabulls Housing gave “dubious loans” worth billions of rupees to shell companies through firms owned by the group’s founders “to increase their personal wealth.” The company ...

Bloomberg Fiat Chrysler Automobiles NV agreed to pay a $40 million penalty related to years of sales reports the US Securities and Exchange Commission (SEC) said were fraudulent. The Italian-American automaker issued statements that misled investors by wrongly claiming monthly gains, the SEC said. Fiat Chrysler inflated results by paying dealers to report fake sales. The company also maintained a ...

Bloomberg Boris Johnson’s Conservative Party will pledge funding for electric cars, fusion power and new green spaces at its conference next week, in the latest sign of how British political parties are fighting for environmentally friendly votes. The Conservative annual conference, which kicked off in Manchester, North West England, is likely to be dominated by Brexit. But the party is ...

Bloomberg Nestle SA is increasing checks on the coffee it buys, after recent tests showed beans from some countries had levels of the weedkiller glyphosate that are close to a regulatory limit. The world’s largest coffee roaster has informed suppliers of Indonesian and certain Brazilian beans of the new procedures, which go into effect starting from October 1, according to ...

Bloomberg Apple Inc has hired David Smoley, chief information officer (CIO) of pharmaceutical giant AstraZeneca Plc, for a vice president role. Smoley joined the Cupertino, California-based technology giant this month after six years at the UK-based drugmaker. At Apple, he will work in a similar information technology role and won’t be focused on Apple’s growing healthcare efforts. He is reporting ...

Bloomberg Jaguar Land Rover (JLR) plans to close its UK factories for a week in November to guard against disruption to supply chains from a possible no-deal Brexit, Chief Executive Officer Ralf Speth said. The shutdown will go ahead whether or not Britain seeks an extension to the October 31 deadline for leaving the European Union, he said at a ...

Bloomberg China’s economy in the third quarter was the weakest it has been this year, according to the China Beige Book, with manufacturing, property and the services sectors all worsening, even as borrowing picked up. Manufacturing revenue, profits, volumes and sales prices fell by double-digit paces from the previous three months, although borrowing remained at its highest level, according to ...

Bloomberg Vietnam’s campaign to tamp down the Trump administration’s trade gap ire has come to a coastal commune better known for growing dragon fruit along one-lane potholed roads. The community could soon be home to a $5 billion liquefied natural gas project that would include an import terminal and gas-fired power plant and eventually import billions of dollars of US ...

Bloomberg Sugar output in India’s second-biggest producing region will be lower than expected after floods damaged crops and as some farmers sell cane for feed. Production in the western state of Maharashtra may total 5.2 million to 5.3 million tons in the year starting from October 1, compared with a previous estimate of 6.44 million tons, said Shekhar Gaikwad, the ...